FlyerTalk Forums - View Single Post - Intercontinental Rio de Janeiro acquired by Golden Tulip affiliate
Old May 29, 2011 | 10:14 pm
  #13  
3544quebec
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Join Date: May 1998
Location: australia
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http://www.dailymarkets.com/stock/20...io-de-janeiro/

SAO PAULO, March 22, 2011 /PRNewswire/ — BHG S.A.– Brazil Hospitality Group (BM&FBovespa: BHGR3) has announced the completion of the transaction of purchasing shares representing 100% of the stock of Brascan Imobiliaria Hotelaria e Turismo S.A., the company that owns one of the most significant hotel establishments in the country, currently called the Hotel Intercontinental, in Sao Conrado, Rio de Janeiro. The finalization of the purchase occurred today, March 22, 2011, thus bringing to a close a transaction initiated with the signing of a Memorandum of Understanding in December of 2010.

Last word that I heard was that the change in brand may happen as early as August
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